Post
Topic
Board Speculation
Re: Long term advance notice!
by
fabiorem
on 04/06/2019, 13:43:58 UTC
A long time ago I read that only NSA have the capabilities to break encryption on the level found in Truecrypt and Veracrypt. CSW is cooperating (and even flattering) the anglo governments for some reason, and I believe is to have help from NSA or a similar agency.

The volume where Satoshis coins are located its encrypted with Truecrypt, and the computers which CSW masked as a "mining operation" are trying to break it. They probably have a deadline which would be january 2020, when the decryption would end.

Then, he would dump one million BTC on the exchanges, for $1200 each, which would give him 1.2 billion dollars. This money he would use to pay for a 51% attack on the BTC chain. Since its illegal to dump high volumes without a notice, he is doing this notice right now, believing the decryption will succeed in january 2020. If not, he would use a second deadline by the middle of 2020, when the halving happens. Thats what I understand from his posts.

What could be done about it? Supposing he could get this money out from hundreds of exchanges (we are talking about 1.2 billion dollars) and would pay for this 51% attack, and then capture the network for himself, the best solution would be to do a hard fork, locking Satoshi addresses in the forked version as soon as CSW started moving the coins stored there. This should be done before these coins hit the exchanges, and the exchanges would need to change to the forked version too. In this way, the disaster could be prevented.

The devs would need to devise some backup plan for it, they cant just underestimate CSW and treat him like a clown, because we dont know who he might be working with for the decryption of Satoshi's wallet. I dont want to spread any FUD, just to be realistic. Also, this tale about Paul Le Roux could be an attempt to discredit bitcoin, in case the decryption fails by halving time. If Paul Le Roux was really Satoshi, they would have the password for the wallet already, as they could just torture him in prison. I dont believe this would work, as most people dont give a fuck who Satoshi was.